Published 3 years ago • loading... • Updated 3 years ago
Vice Media says 'several hundred' staff members will be laid off, Vice.com news site shuttered
Vice Media will no longer publish content on its website and will lay off hundreds of employees to partner with established media companies for content distribution.
Last year, Vice filed for bankruptcy, leading to layoffs and cost-cutting measures. The media industry is facing financial problems, with numerous outlets experiencing closures and job cuts.
Vice aims to realign resources, streamline operations, and shift to a studio model, emphasizing social channels for content distribution. Layoffs will impact several hundred staff members.
The CEO of the media group Vice, Bruce Dixon, informed employees that the company will lay off hundreds of employees and will stop publishing its digital version.
Read more (02/23/2024)